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This is a unique turnaround opportunity to purchase a coin laundry turnaround opportunity in South Dallas.  It could have significant upside after a complete retool.  Currently not profitable and low sales.

Extreme turnarounds are generally purchased by current coin operators who will improve the appearance and  replace all of the equipment – those who simply want a location with the mechanical infrastructure in place.  

A number of the Owner’s other locations have already sold under the same conditions, where they were willing to pay the price –all to existing operators who are experienced in the industry. Basically, they paid for the location of an existing, operating coin laundry with longevity, even though they were not profitable at the time of purchase and some of the equipment was not functional.

Please note that the cost of retool could run into several hundred thousand dollars.  And this laundry will not meet SBA parameters.  There are other financing avenues the listing Broker could discuss with you.  However, suffice it to say, it will require significant capital in addition to the purchase prices of the laundry and the extraordinary deposits required for utilities, lease etc.

Note that many landlords are as of late unwilling to lease to a coin laundry – more explained in the Seller’s package after receipt of the non-disclosure from qualified buyers. Due to the mechanicals in place – gas, electric and plumbing – it is significantly less expensive to purchase an existing laundry than to start from scratch.

Also, the Seller has the location staffed with part time attendants with limited hours. No bundle service has ever been offered.

A fully executed Non-Disclosure is required  by a financially qualified buyer in order to receive more information.  If you just “think” you want to be in the coin laundry business, this is probably not for you. 

This is not an offer to sell securities. This is not a solicitation to sell securities. .

Listing Broker Firm: Erin Bonner, Independent Transaction Consultant & Business Broker : Contact Erin at 214-236-1099.  A phone conversation will be required prior to sending the NDA. 

Facility is +/- 2250 SF.

As to competition in this industry, wherever there is a  newer coin laundry, there are generally more than one and sometimes several in the immediate area. Quality service and keeping the stores and FFE maintained is key. And vend pricing under the immediate market is a plus.

Seller believes that this laundry has the ability to garner significantly higher annual sales with the right astute full-time owner-operator at the helm who develops at least some sort of marketing plan, upgrades the equipment and improves the store appearance. The current owner has done NO MARKETING whatsoever – ergo, no yelp, no google, no website, no Instagram, no mailings, etc.

Reason for Sale - Partial retirement


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Location: The Madison Building
15851 Dallas Parkway Suite 600
Addison, Texas 75001

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